Colorado Attorney Lawyer

The automobile insurance rates for drivers in Colorado have declined on average by 35 per cent, given that the state’s auto insurance system nearly five years, after an independent study today, you, Bill Ritter’s Office.This means that drivers pay less than $ 322 per vehicle per year for auto insurance in December 2007, as they were in July 2003. In the meantime, the government of national rankings for the cost of auto insurance has declined over the ninth in 2002 at the latest by 21 during the year 2005.

In November last year, the governor of the BBC, the office responsible for research and advice on issues concerning the impact of Colorado’s passage of a no-fault car insurance system nearly five years, the mandate additional medical benefits, the reply of many consumers’ health benefits, error - and this from wrongful acts, the system will be in 37 other countries. The study of data collected in the investigation of the impact on self-insurance, health insurance, hospitals, the first response, Medicaid and consumers. Representatives of motor insurance and Trauma Care Community of information, data and inputs for ’study. Assurances car he was in the best interest of their clients to help Dir knight in the analysis of objective data and factors that have led, since the change in the health insurance systems.

“This study shows that consumers pay much less for insurance,” said Kelly Campbell, regional director for the Property Casualty Insurers Association of America (PCI). “Five years ago, were the auto insurance rates spiral up by double digits. Now, consumers save hundreds of dollars per year and have more choice regarding how they spend their money on insurance. It was planned a trip on small health insurance, the rate stands at around 1.6 per cent, so that the whole consumer market has stabilized benefit. ”

Campbell noted that a new study by the Insurance Research Council, lists the information provided by the U.S. Department of Health and Human Services, Colorado, that health insurance are rising prices at a slower pace by report to the national awards. “The average premium for health insurance in Colorado increases less than the national average of 7 per cent of 2003-2005,” said Campbell.

The BBC also study the financial impact of five years of change in auto insurance systems in hospital and the first answer. Given that hospitals stationary numbers runway, the costs are calculated on the basis of the estimated five percent of car accidents victims admitted to hospitals. Two-thirds of car crashes in order to avoid injury and the majority of injuries occurring, tribes and minor sprains. The report also confirms that accidents and injuries are declining car in Colorado. In 2002, Colorado acute care hospitals approved 5915 people by road accidents. In 2006, only 4583 people have been down due to injury.

While the report notes that, overall, hospital patients were $ 85 million, Colorado, consumers have paid hundreds of millions of dollars less for auto insurance each year since July 2003. The researchers pointed out that the change in automatic mode insurance also has an impact on hospitals’ bottom-lines on the fact that the great mission health insurance, by the former no-fault system of royalties paid fully account for hospitals and treatment are not weaker than the reimbursement paid by health insurance funds to negotiate much lower rates with hospitals because of their volume of cases. Medicaid and Medicare also reimburses the treatment of lower rates. First Responder has not reported reductions of emergency personnel or increase response times in the years since the passage in the auto insurance law.

National Insurance Institute representative of the Association have agreed to study is useful for data and related issues, but he can not answer the most important issue, which in the best interest of individual consumers, selected its insurance on the basis of their own needs and budgets. A recent national survey conducted by Talmey Drake consumer research shows that 73 percent of Coloradans against a law that purchase additional medical insurance as part of their automobile insurance.

“Consumers want to keep auto insurance prices low, and therefore against their own financial decisions when it comes to insurance,” said Carole Walker, executive director of Rocky Mountain Insurance Information Association (RMIIA). “More costs of mandates are more money and the driver will not be the solution of major problems of the health system. “